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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Retail space
3301 Emerald Dr, Emerald Isle, NC 28594
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2587273
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
WOOD
Total area
7,025 SF
Lot
1.04 ac (45,477 SF)
APN
6314.13.23.0210000
UPID
US53-2587273
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.06M
Owner & transaction history
Beach Petro LLC · 3 yrs held
Beach Petro LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+33.1%
Restaurant
$1.6M
+19.2%
Office building
$1.5M
+14.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Emerald Isle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Emerald Isle submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,355,000
6.5%
$1,255,000
7%
$1,165,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,315,000
Current use
COMMERCIAL (GENERAL)
$1,750,000
Change: +33% · Conversion: Easy
RESTAURANT
$1,570,000
Change: +19% · Conversion: Easy
OFFICE BUILDING
$1,510,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$150 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$4,102
Tax year 2022
Assessed value
$842,769
Assessed 2024
Previous assessed
$842,769
+0.0% YoY
Effective rate
0.49%
On assessed value
Assessed land
$522,000
Assessed improvement
$320,769
Land market value
$522,000
Improvement market value
$320,769
Total market value
$842,769
Applied tax rate
1,556.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Total area
7,025 SF
Lot
1.04 ac (45,477 SF)
APN
6314.13.23.0210000
UPID
US53-2587273
Jurisdiction
CARTERET
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RESTAURANT
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Beach Petro LLC
Entity
Mailing address
125 RADLEY LN, BEAUFORT, NC 28516-8810
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
—
Beach Petro LLC
Alnimer Property LLC
Deed
—
Jul 6, 2017
$750,000
Alnimer Property LLC
Flip Flops Of Einc LLC
Warranty Deed
$750,000 · Flip Flops Of Einc LLC
Nov 21, 2012
—
Flip Flops Of Einc LLC
Creech,ritchie W & Marcie G
Grant Deed
—
Nov 9, 2012
—
Flip Flops Of Einc LLC
Creech,ritchie W
Grant Deed
related
—
Oct 25, 2012
$943,845
Ritchie W Creech
Lincoln Michael
Trustees Deed
related
—
Oct 11, 2012
$944,000
Ritchie W Creech
J&d Enterprises Of Enc LLC
Grant Deed
—
Jan 12, 2010
$900,000
J & D Ents Of Enc LLC
Creech,ritchie W & Marcie G
Warranty Deed
$1,010,000 · Ritchie W & Marcie G Creech
—
—
J & D Enterprises Of Enc LLC
—
Deed Of Trust
related
$10,000 · Rbc Bank
—
—
J & D Ents Of Enc LLC
—
Deed Of Trust
related
$10,000 · Rbc Bank (usa)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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